One key factor to keep in mind as you consider plans for transferring wealth to the next generation or passing on the family business is this – change is inevitable. As Greek philosopher Heraclitus said, “the only constant in life is change.” Your family dynamics may change. Your financial needs may change, and tax laws […]
Estate Planning
Why Every Person (Not Just the Wealthy) Should Have an Estate Plan
When you think about estate planning, the most common responses are, “That’s for wealthy people” or “No reason to plan because I don’t meet the tax threshold”. While taxes and wealth do play a considerable role, estate planning is not just for the wealthy. When we think about estate planning in the traditional sense, most […]
5 Key Estate Planning Tools Everyone Should Consider
When we talk about estate planning, there are five key estate planning tools you should consider as part of your estate plan. Just know that there are a lot more things that you could add to this list, so this would be a very good starting point if you have not already done this. We’re […]